The Development Bank of Wales provides equity and loan financing to support business growth and technological innovation across Wales.
The car subscription platform has raised capital from the Development Bank of Wales, US investors, and UK angels to accelerate growth.
"The Development Bank of Wales is a major part of the landscape of assistance we are able to offer businesses and has swiftly become one of the largest equity investors in the UK."
The funding from the Development Bank of Wales will support new retail outlets and a manufacturing hub in North Wales.
"I started the business in 2009 after studying in Bologna and was amazed by the passion and creativity of the gelato chefs. It’s amazing what you can do with a great imagination and an appreciative audience. Our main ice-cream production is carried out at the main trading premise in Beaumaris but as our loyal army of followers has grown and grown, we recognised the need to expand with more retail outlets and a larger production hub."
Swansea start-up QuoteOnSite secures seed capital from the Development Bank of Wales and Deri Green to scale its quote management platform.
"The investment has enabled us to now work full-time on QuoteOnSite and grow a team around us tomake the product the best it can be. We’re now starting to get traction in the market with a solid sales and marketing strategy. Being located at the TechHub Swansea is allowing us to meet customers as well as providing a great working space. Having spent the last two years working on QuoteOnSite alongside full-time jobs and family life, Elaine and I are excited to be able to focus more fully on the business. We’re pleased our software and business plan have attracted the attention of venture capitalists and are delighted to have completed our first seed round."
Lloyd James completed the equity purchase of the land and estate management firm with backing from the Development Bank of Wales.
"The Development Bank of Wales and Llewelyn Davies have enabled us to successfully purchase the business"
The funding round was led by private investors alongside co-investment from the Development Bank of Wales.
"We are really pleased that the Development Bank of Wales, private investors, and our overseas existing investor recognise our potential and our achievements to date, as we capitalise on the industry drive to reduce dependence on chemical pesticides with safe and sustainable solutions. This additional investment will accelerate ongoing product development and take advantage of the growing biopesticide market"
